Saturday, October 30, 2021

Jackson State University Receives First-Ever Endowed Real Estate Studies Scholarship in History of Institution Established by Commercial Real Estate Executives John Crossman and John Michael Holtmann

ENDOWMENT:

 From left:  John Michael Holtmann, Mississippi Governor Tate Reeves, Thomas K. Hudson, J.D., President of JSU and John Crossman, CCIM CEO of Crossman Career Builders.

 

Jackson, MS --  Jackson State University is the recipient of the first-ever real estate scholarship at the HBCU established by esteemed commercial real estate executives and business leaders John Crossman and John Michael Holtmann, who also have long family histories in Mississippi.


John Crossman

 Qualifying students will have an equal opportunity to pursue a real estate education by applying for funds from the $25,000 endowed scholarship that will help cover the cost of tuition, fees, books, supplies, and other expenses without a heavy student loan burden.

John Michael Holtmann

 Holtmann is a Mississippi State University alumnus and principal of Holtmann Properties in Jackson .

 Crossman is an alumnus of Florida State University and CEO of Crossman Career Builders, which he founded last year to continue the mission he started two decades ago as CEO of one of Orlando 's most successful Commercial Real Estate firms.

Thomas K. Hudson

 That mission was to provide more opportunities for minorities in the Commercial Real Estate industry. 

 "Working in commercial real estate can help a person develop skills to buy property, which can build personal wealth, but a real estate education has been traditionally hard to access for minorities who haven't been given opportunities to own property," Crossman explained.

 Holtmann shared his appreciation for the people that he learned from when he initially started in the industry. "They helped shape my business.  Now I'm excited to give back to the next generation by helping equip them to make a difference," he said.

Mississippi Gov. Tate Reeves

  "The Holtmann Crossman Endowed Fund is a game-changer for our students now and future generations.  We are very fortunate to benefit from the vision, support and commitment of these two business leaders," said Thomas K. Hudson, president of JSU.  

 JSU marks the fourth HBCU Crossman, his family and firms have supported. They also have minority-focused real estate endowed scholarships at FSU, UF, and Valencia College for students from diverse demographic and socioeconomic backgrounds. 

Jackson State University entrance, Jackson, MS

 Holtmann is also a Partner in Concord Capital, a real estate investment company which owns assets in three states as well as being an affiliate broker with Duckworth Realty, a brokerage in Jackson where he manages the company's retail division.

 "An education in commercial real estate will not only provide these scholarship recipients a pathway to rewarding careers in a limitless industry but will also open doors for positive impact in their communities," Holtmann said.

 Mississippi Governor Tate Reeves, who is in full support of the endeavor, stated, "The Holtmann Crossman Endowed Scholarship at JSU embodies the promotion of diversity in higher education needed by the business community in Jackson and throughout the State. It's a win-win for Jackson and all of Mississippi ."   

 

 CONTACTS:

 

John Michael Holtmann, Principal Holtmann Properties and Duckworth Realty

 601-500-7476 

or JohnMichael@duckworthrealty.com;

 

John Crossman, CCIM, CRX, CEO Crossman Career Builders 407-341-3895 

or Jcrossman@crossmancb.com

 

Beth Payan, Larry Vershel Communications Inc. 

(office)407-644-4142; (cell/text) 407-461-3781  or beth@larryvershel.com

 

 

JLL Capital Markets arranges the sale and acquisition loan for Seven West at the Trails apartments in Beaverton, OR

 

 Carrie Kahn

PORTLAND, ORE. – Oct. 26, 2021 – JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for Seven West at the Trails (“Seven West”), a 423-unit, garden-style multi-housing community in the Portland suburb of Beaverton, Oregon.

Ira Virden

 JLL marketed the property on behalf of the seller, a separate account managed by LaSalle Investment Management. Greystar Real Estate Partners LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing acquired the property.


Additionally, working on behalf of the new owner, JLL secured the loan through a global financial institution.

 Seven West comprises one-, two- and three-bedroom units averaging 821 square feet. Units feature stainless steel appliances, walk-in closets, balcony/patio and washer and dryers.

Frank Solorzano
The community offers a clubhouse, two outdoor pools, a 24-hour fitness center, dog park, playground and barbeque area.

 Located at 14790 SW Scholls Ferry Rd., Seven West is within the Portland MSA near some of the areas largest employers, including Columbia Sportswear and Providence St. Vincent Medical Center.

 In addition, dozens of high-tech companies call the Beaverton-Hillsboro area home. Within a three-mile radius of the community, residents have access to over 6.1 million square feet of retail amenities including Washington Square Mall and Progress Ridge TownSquare.

Charles Halladay
Residents also have access to outdoor recreational areas such as Summerlake City Park, Cooper Mountain Nature Park and Greenway Park.

 The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Charles Halladay and Andy Scott, Senior Director Jamie Kline and Analyst Charlie Vorsheck.

 

Andy Scott
“Beaverton continues to be a preferred submarket amongst investors due to outstanding fundamentals fueled by the growth of top employers such as Nike, Intel and a plethora of growing technology and healthcare companies situated just minutes away. 

Seven West is a unique opportunity to acquire significant scale with a proven value-add component,” said Virden.

 JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.

The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

 Charlie Vorsheck
JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

For more news, videos and research resources on JLL, please visit our newsroom.

 

 CONTACT:

 

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com